ARC Resources Ltd. (TSE:ARX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ARC Resources Ltd. (TSE:ARX) have received an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$30.35.

ARX has been the topic of several recent analyst reports. ATB Cormark Capital Markets downgraded shares of ARC Resources from an “outperform” rating to a “tender” rating and set a C$31.00 price objective on the stock. in a report on Tuesday, April 28th. Capital One Financial downgraded shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Canaccord Genuity Group lowered ARC Resources from a “buy” rating to a “hold” rating and increased their target price for the company from C$31.00 to C$32.00 in a research report on Tuesday, April 28th. Jefferies Financial Group lowered shares of ARC Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Finally, Raymond James Financial raised their price target on shares of ARC Resources from C$29.00 to C$32.80 in a research note on Tuesday, April 28th.

ARC Resources Stock Down 0.1%

Shares of TSE ARX opened at C$33.81 on Thursday. The stock has a market capitalization of C$19.13 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.29 and a beta of -0.37. The stock’s fifty day simple moving average is C$31.81 and its two-hundred day simple moving average is C$29.45. ARC Resources has a 12-month low of C$21.14 and a 12-month high of C$34.22. The company has a current ratio of 0.88, a quick ratio of 0.42 and a debt-to-equity ratio of 39.16.

ARC Resources (TSE:ARX) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.62 earnings per share (EPS) for the quarter. The firm had revenue of C$2.16 billion for the quarter. ARC Resources had a net margin of 19.29% and a return on equity of 16.64%. As a group, analysts expect that ARC Resources will post 2.7255139 EPS for the current fiscal year.

About ARC Resources

ARC Resources Ltd. is a pure-play Montney producer and one of Canada’s largest dividend-paying energy companies, featuring low-cost operations. ARC’s investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business.